Corient Private Wealth LP Invests $97.18 Million in Uber Technologies, Inc. $UBER

Corient Private Wealth LP purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,346,774 shares of the ride-sharing company’s stock, valued at approximately $97,183,000. Corient Private Wealth LP owned 0.07% of Uber Technologies as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UBER. Cadence Bank raised its holdings in Uber Technologies by 1.7% during the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after purchasing an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in Uber Technologies by 3.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after purchasing an additional 139 shares during the period. KPP Advisory Services LLC boosted its stake in shares of Uber Technologies by 4.3% in the 4th quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock valued at $278,000 after purchasing an additional 140 shares during the last quarter. Stonebrook Private Inc. boosted its stake in shares of Uber Technologies by 6.1% in the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock valued at $203,000 after purchasing an additional 143 shares during the last quarter. Finally, Avion Wealth grew its position in shares of Uber Technologies by 17.3% during the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock worth $70,000 after buying an additional 145 shares during the period. Institutional investors own 80.24% of the company’s stock.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Sanford C. Bernstein reduced their price objective on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada began coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating for the company. Raymond James Financial upgraded shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, DA Davidson cut their price target on Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $104.25.

Uber Technologies Stock Performance

Shares of UBER stock opened at $78.47 on Thursday. The stock has a market cap of $160.28 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 6.47 and a beta of 1.13. The stock has a 50-day moving average of $73.48 and a 200-day moving average of $73.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.